5min chapter

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30 Years in China: A More Nuanced Comparison Of Socio-Economic Approaches Between China and 'The West' w/ Peter Alexander

Bitcoin Rapid-Fire

CHAPTER

The Importance of a New Growth Model for China

The first five years of Xi Jinping in power were predominantly about the crackdown on corruption. In 2017, what is called the 19th party Congress, the last one prior to last year, this was the year in which two messages were conveyed. Number one: A new growth model is required for China. Previously from 1978 onwards, it was growth at all costs. We don't care how, just go, go, go. And number two was that this was going to be done with the same rather, call it vested interest, the senior most people in the Communist Party.

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